Standard & Poor’s Announces Changes to U.S. Indices

Sat, Sep 26, 2009

Day Trading

Standard and Poor will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 Indices:

* Solera Holdings Inc. (NYSE: SLH) will replace Metavante Technologies Inc. (NYSE: MV) in the S&P MidCap 400 after the close of day trading on Thursday, October 1. Metavante Technologies is being acquired by S&P 500 constituent Fidelity National Information Services Inc. (NYSE: FIS) in a deal expected to be completed on or about that date.

* EZCORP Inc. (Nasdaq: EZPW) will replace SPSS Inc. (Nasdaq: SPSS) in the S&P SmallCap 600 after the close of trading on a date to be announced. S&P 100 & 500 constituent International Business Machines Corp. (NYSE: IBM) is acquiring SPSS in a transaction expected to close soon pending final approvals.

Standard & Poor’s will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.

Solera Holdings is a provider of software and services to the automobile insurance claims processing industry. Headquartered in San Diego, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Application Software Sub-Industry index.

Source: S&P

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Richard Tyler - who has written 467 posts on Free Investment Advice.

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